The prevailing cryptocurrency market sentiment is uncertain. This week is crucial for the overall market in light of the US election. Historically, Bitcoin and other major altcoins have displayed positive momentum after the US presidential election. The market anticipates a similar picture, with the assets potentially hitting new highs after
Solana (SOL) is riding a wave of growth, achieving its highest-ever monthly active address count in October. The network recorded over 123 million active addresses, marking a 42% increase from September. This surge highlights a striking rise in user engagement, up from just 12.7 million active addresses in January. Fueling
The cryptocurrency market has been in a brief bearish turn over the past 24 hours. The assets have lost their momentum and began to slide down. Nonetheless, the current market volatility is unpredictable, with mixed signals. Solana (SOL), the fifth-largest cryptocurrency, has faced the downturn and lost over 0.10%. Over
The cryptocurrency market has witnessed a minor bear resistance in the past day, as digital asset prices have dunked. On the other hand, the crypto regulatory landscape has sprung to action as another month begins. A recent report released shows that the US SEC has charged the crypto sector with
Solana’s recent price action has captured market attention as it edges toward the significant $186 resistance level, a price point that has consistently triggered reversals since mid-May. The cryptocurrency’s journey toward the psychological $200 barrier faces mounting technical challenges despite sustained momentum. Solana Technical Indicators Paint Complex Picture The Chaikin
Solana’s latest market performance presents a complex picture of immediate retracement amidst broader bullish signals. The cryptocurrency recently touched $180, marking its highest point since January, before experiencing a correction to the $170 range. Despite this pullback, SOL maintains an impressive 14% monthly gain, aligning with Bitcoin’s upward momentum toward
Solana (SOL) has achieved a major milestone, touching the $180 mark for the first time since July, sparking widespread speculation about its potential to reach $200. While this surge demonstrates impressive momentum, technical indicators suggest the possibility of a consolidation phase before further advances. The Chaikin Money Flow (CMF) indicator
Solana (SOL) stands on the cusp of a significant technical development as its 50-day Simple Moving Average approaches a golden cross with the 200-day SMA. This imminent bullish signal could potentially catalyze a push beyond the $200 mark, a level unseen for several months. Technical analysis of the SOL/USD daily
The worldwide cryptocurrency market has seen bullish movements in the past day instilling optimism in members of the community. The overall crypto market has shown a 1.43% increase in market cap and a 22.63% surge in daily trading volume. Meanwhile, the regulatory landscape has not shown much activity over the
The crypto market has faced a wave of selling pressure, with many major digital assets slipping into the red over the last 24 hours, leading to a 2% dip in the total market cap. This week has been marked by sharp price swings, as October’s rally began to lose steam
